Brazil's central bank halves economic forecast

The Banco Central do Brazil has slashed its forecast for economic growth by more than half for this year to 0.6%. The central bank also said it expected year-end inflation to reach 8.9 per cent, down from previous expectations of 10.2 per cent.

Source: Financial Times

Brazil's central bank has cut its forecast for economic growth this year by more than a half, from 1.5 per cent to 0.6 per cent.

The bank's estimate, published as part of its quarterly inflation forecast, confirms similar projectio